We'll spend the time to personally answer all of your questions, give you advice to maximize your refund in the future, and will help you through any review that the CRA requests.
Don't forget to bring your Notice of Assessment from last year from the Canadian Revenue Agency and/or your tax return, as it provides important information on potential credits that you have carried forward from last year's taxes.
We can look through your financial records and receipts to make sure you're not missing out on any deductions. Financial reporting must be accurate, any misinformation can lead to an audit, which can be very time consuming and lead to more costs from the CRA.
Don't stress over your company's taxes. Call us today for more information or to schedule a consultation.
Small Business/Self Employed Taxes
We walk through the correct form with you, and go over details of your expenses, including automobile and home office expenses to make sure you are tracking them properly; as well as whether or not you are including HST. This will ensure you are claiming the maximum amount of expenses against your income.
Our bookkeeping services can help you get organized. In most cases it begins with a consultation with a thorough evaluation of your practices with an emphasis on areas that may be missing. Depending on your needs, it may only be a consultation as you may just need a helping hand to properly set up your books so you can track them yourself. Otherwise Atlas Tax can work with your schedule depending on your reporting requirements.
The best way to avoid CRA penalties is to file accurately and on time and this starts with proper bookkeeping. Atlas Tax is here to help to ensure that this happens for your business.
Some of the services we can provide, include:
Business start-up information and assistance
Scheduled payroll systems
Balancing your books
Cleaning up your old accounting systems
Closing/dissolving your business/corporation
Atlas Tax Consulting is a member of the Community Volunteer Income Tax Program. This allows us to prepare returns for those who need help, and qualify, for FREE. To find more information on CVITP, visit the CRA's site: Community Volunteer Income Tax Program
Generally qualification for 2016* were a simple tax return for clients(see CVITP website for restrictions) with the following income levels:
Individual: $30,000 or less
Married or Common law couple: $40,000 or less
Single Parent with 1 child: $35,000 or less